Residential Permit is easily obtained for persons living in Cyprus, who have purchased property with a value of not less of €300.000 (a minimum of at least €200.000 has to be settled at the time of this application). Also the applicant must prove that s/he has at his/her disposal a secured minimum annual income of €30.000, from sources other than employment in Cyprus.

Temporary Permit

The granting of this permit requires the existence of a bank account in Cyprus and a sales agreement of the property purchased. Temporary residence status can be from one to four years.